Spurs director of football Franco Baldino had met with Valencia president Amadeo Salvo but, despite talks running late into the night, no agreement could be reached.

The offer was believed to be €26 million plus potential add-ons, but Salvo refused to drop his price below €30 million and the deal hit a stalemate.

It was thought that Soldado, who is due to join up with his Valencia team-mates this Saturday, had agreed personal terms with the North London club and the Valencia president said on Monday that an agreement between the clubs was close.

Spurs, who have already missed out on David Villa and Christian Benteke, now look to be facing further frustration in the market.